CNET REORGANIZATION: INTERNAL MEMO FROM NEIL ASHE, CEO — We all recognize that we must continuously change to be successful, and we embrace change. At the beginning of the year, we talked about our focus on category defining brands and the need to drive greater efficiencies in the business.

Online media company CNET cutting 120 jobs — NEW YORK (Reuters) - Online media company CNET Networks Inc said on Wednesday it will eliminate 120 jobs, or about 10 percent of its staff, in a restructuring to help it focus on long-term growth amid complaints from some investors.

Google February Paid Clicks Lousy (Again)* — A source says Comscore has finally released its February “US paid clicks” report for Google (GOOG), Yahoo (YHOO), et al. We have not seen the report, but our source relays the following: — Google had 515mm US paid clicks in February, which is up only 3% year over year.

The Twenty-Five Most Valuable Blogs — There is no way to accurately put a value on blogs and blogging companies. All are privately-held and, as is true with many content businesses, the value of the company is based on what a buyer will pay. The figures we have put together look …

Amazon takes on Apple with copy-protection-free music — The music industry is finally comfortable selling digital music without copy protection, but the huge shift hasn't resulted in dramatically higher sales. — Instead, it produced something that major music labels have long sought: a strong No. 2 competitor to Apple.

Finally, the $500 ultramobile with touch coming in May — At least that's what it sounds like from this report, outlining the product map for Asustek's low-cost computers. — Coming in May will be a new version of the Eee PC with an 8.9-inch touchscreen and possibly GPS capability, the report said.

Live from Mozilla: Firefox for iPhone? No. — Mike Schroepfer, Mozilla VP of engineering — I'm at a Mozilla “open house” sitting around a table with about 10 other bloggers. Lots of history is being discussed here; the 10th anniversary of Mozilla will be celebrated on Monday (Firefox 1 came out two years after Mozilla started).

HP UMPC 2133 specs revealed, street date of April 7th? — We'd been hearing that HP's slick UMPC 2133 was going sport VIA processors, and now we've got some more info to back that up — we just received what appears to be a full spec list for the upcoming machine, and it's VIA C7-Ms all around …

AMD releases Quad and Triple core Phenom processors — Today AMD announce the expansion of the CPU lineup by officially releasing quad-core and triple-core Phenom processors. — How best to sum up this new lineup? I guess it's a case where that old phrase “something for everyone” actually fits the bill pretty well.

More Questions Than Answers About OpenSocial — The launch of the OpenSocial Foundation yesterday was probably more about preempting lawsuits than it is about anything else, but getting Yahoo!, Google and Newscorp all in the same room raised some eyebrows. It also raises some big questions.

Facebook quietly launches “People You May Know” — A comparison of Facebook (Left) and LinkedIn's (Right) features — Facebook is launching a pretty cool new feature. It's called “People You May Know” and it shows exactly what you would think it does...people who you may know, based on people who you are friends with.